Common use of Organization; Capitalization Clause in Contracts

Organization; Capitalization. (a) Schedule 5.1 contains a complete and accurate list of the name of Seller, its jurisdiction of incorporation and other jurisdictions in which it is authorized to do business. Seller is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of formation, has all requisite corporate power and authority to own and lease its properties and carry on its business as it is now being conducted and is duly qualified and in good standing to do business in each jurisdiction in which the nature of the business conducted by it or the ownership or leasing of properties makes such qualification necessary.

Organization; Capitalization. (a) Schedule 5.1 contains a complete and accurate list of the name of Seller, its jurisdiction of incorporation organization and other jurisdictions in which it is authorized to do business. Seller is a corporation limited partnership duly organized, validly existing and in good standing under the laws of its jurisdiction of formation, has all requisite corporate power and authority to own and lease its properties and carry on its business as it is now being conducted and is duly qualified and in good standing to do business in each jurisdiction in which the nature of the business conducted by it or the ownership or leasing of properties makes such qualification necessary.